Market Trends & Trade - President Trump is escalating the trade war, imposing a 35% tariff on all imports from Canada starting August 1st, a rise from the existing 25% tariff on US imports from Canada [1] - The US is expecting a formalization of June tariff revenue, anticipated to be well north of $25 billion [1] - Discussions are ongoing regarding which specific goods will be subject to tariffs on Canada, with expectations that USMCA goods, oil, and fertilizer may be excluded from the 35% rate, but no final decisions have been made [1][2] Cryptocurrency Market - Bitcoin is rallying, eyeing $120,000 per token after exceeding $118,000, fueled by inflows into Bitcoin-backed ETFs, corporate buying, and a friendly regulatory framework [1][2] - Year-to-date, Bitcoin is up 26%, with crypto-related stocks like Coinbase and Robinhood at all-time highs [2] Stock Market & Company Performance - US stock futures are falling, with Dow futures off almost 300 basis points, S&P futures down about 06%, and NASDAQ lower about 05%, following record highs for both NASDAQ and the S&P 500 [1] - Levi Strauss raised its revenue forecast, anticipating sales growth to outweigh the effects of President Trump's tariffs [1] - Nvidia became the first company to close above the $4 trillion market cap threshold [1][2] - Analysts have raised year-end targets for the S&P 500, with Wells Fargo predicting over 7,000, RBC Capital Markets at 6,700, and Goldman Sachs at 6,600, driven by receding tariff concerns and bullishness on Wall Street [7] - The S&P 500 is up around 7% year-to-date, trading around the 6300 mark [10] Federal Reserve & Interest Rates - A Fed governor is voicing support for rate cuts sooner, potentially as early as the next policy meeting, due to a belief that tariffs will not have a major impact on inflation [2] - The market is pricing in a 30% odds of no rate cut at the September meeting [16] Company Specific News - Boeing investors are awaiting details from a preliminary report on an Air India flight crash, with initial investigations focusing on the pilot's actions [3] - Wedbush raised its rating on AMC to outperform, expecting the movie theater chain to benefit from more consistent releases [3] - US Foods is reportedly exploring an acquisition of Performance Food Group, potentially creating a company with $100 billion in total sales [4][5]

Market Sentiment - Money managers such as Aberdeen and Franklin Templeton remain optimistic about Brazil's economic resilience [1] - The bullish outlook persists despite Brazil becoming a focal point in Donald Trump's trade war [1]

Investment Trends - Canadians are avoiding US products due to the trade war [1] - There's evidence Canadians want fewer US stocks in retirement accounts and pension funds [1]

Trump warned of raising the tariff on some Canadian goods, suggesting he's intent on ratcheting up rather than scaling back his trade war: Here is your Evening Briefing https://t.co/5RcuVwh0td ...

Core Viewpoint - Alibaba's stock has shown a nearly 50% increase over the past year, but it remains 65% below its all-time high from October 2020, indicating potential for future growth despite challenges [1][2]. Financial Performance - In fiscal 2022, Alibaba's revenue grew by 19%, but growth slowed to 2% in fiscal 2023, 8% in fiscal 2024, and is projected at 6% for fiscal 2025, primarily due to regulatory and macroeconomic challenges [2][4][5]. - Analysts expect Alibaba's revenue to rise by 7% in fiscal 2026 and by 8% in fiscal 2027, with adjusted EPS growth projected at 8% and 14% respectively [10]. Challenges Faced - Alibaba faced significant regulatory challenges, including fines and restrictions from China's antitrust regulators, which limited its competitive strategies [4]. - The Chinese economy's slowdown, exacerbated by "zero-COVID" policies and a weak real estate market, negatively impacted consumer spending and cloud customer expenditures [5]. - Leadership changes, including the departure of CEO Daniel Zhang in 2023, raised concerns about the company's growth trajectory [6]. Business Stabilization - Despite challenges, Alibaba's retail business saw growth in overseas markets, which helped offset weaker performance in its domestic marketplaces [7]. - The company implemented cost-cutting measures, share buybacks, and increased revenue from higher-margin cloud and AI businesses, leading to improved earnings per share [8]. Future Outlook - Alibaba's stock trades at 11 times its forward adjusted earnings, with potential for a higher valuation if trade tensions ease, possibly rising to about $167 by fiscal 2027 [12]. - The company may integrate its various business units more closely, enhancing its competitive position against less diversified rivals [11].

Watch markets react after President Donald Trump announced that the United States would apply a 35% tariff to all imports from Canada beginning next month, reviving tensions with a major trade partner that had largely dissipated in recent weeks. For more context and news coverage of the most important stories of our day click here: https://www.msnbc.com/ » Subscribe to MSNBC: https://www.youtube.com/msnbc » Subscribe to MSNBC on TikTok https://www.tiktok.com/@msnbc » Subscribe to MSNBC on Instagram https:// ...

Geopolitical Strategy - America is indirectly waging its trade war through third countries [1] - China and America are no longer directly imposing new tariffs on each other [1]

President Donald Trump threatened a 35% tariff on goods imported from Canada, a dramatic escalation in an on-again, off-again trade war with the country. https://t.co/nUE2I1MvUH ...

Trade Relations & Geopolitics - The US is considering imposing a 50% tariff on all exports from Brazil starting August 1st, potentially disrupting trade with the 16th largest US trading partner [1] - The tariff imposition is linked to the US perception of unfair treatment of former Brazilian President Gaier Bolsinaro, marking a departure from primarily trade-related motivations [3] - The sitting president of Brazil, Lula, has expressed strong opposition to any foreign interference or toutelage from other nations in response to the US actions [5] - The US is also concerned about Brazil's treatment of US tech firms, citing unfair fines and legal cases against social media platforms like Meta [7] US Trade Policy & Tactics - The US Trade Representative is directed to initiate a tariff investigation into unfair trade practices related to digital policies in Brazil [8] - The US views tariffs as a tool for political control, influence, and domination over other nations, beyond just trade and economic considerations [8]

Trade Relations - Singapore's trade talks with the US will focus on pharmaceutical supply chains [1] - The talks occur as Singapore navigates President Trump's global trade war [1]